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The neighborhoods located in the western part of the city of Chennai are rapidly growing and appreciating manifold. The main reasons contributing towards the development of real estate in west Chennai is its superior connectivity and job opportunity generating industrial hubs.
In recent years several residential and commercial properties in west Chennai have been developed by local and national players. Real estate in west Chennai is also said to have witnessed an annual price appreciation even higher than central Chennai. Extension of the Metro route, suburban railway lines and proximity to the bus junction at Koyembedu has accelerated access to properties in West Chennai.
The neighborhoods are dotted with banks, market places and wedding halls. Further, Porur also occupies a very crucial position on the Mount-Poonamalle Road and is home to various chemical industries, manufacturing plants, markets and residential colonies. Various upcoming and established IT parks have also accelerated its growth.
The 80’s witnessed a boom of real estate in West Chennai in uptown areas like Kilpauk and Anna Nagar. The elite neighborhoods are beautifully planned and interspersed with vast tracts of green and avenue trees. The self contained hubs offer matchless options for shopping, entertainment and fun. The region also boasts of some of the country’s best hospitals and schools making it an ideal choice for families.
In the last two decades, acute land shortfall in the Anna Nagar area, has led to skyrocketing real estate prices in the vicinity. Hence, Mogappair has emerged a major investment hotspot for apartments, flats, houses and land in the city and seen manifold growth over the last decade. Other areas adjoining Mogappair have been developing at a rapid pace to meet the residential needs of those employed in the manufacturing and industrial hubs and the emerging nerve centers of the city. The location is fast developing, thanks to its proximity to reputed schools, colleges, IT parks, industries and other essential requirements.
Residential and commercial real estate in west Chennai has also appreciated in and around Ambattur, one of the largest industrial estates in southern Asia. The neighborhood is enriched with business houses like TVS, Britannia, Godrej and many others. In recent times, several software giants have also extended their reach to this Western part of Chennai with major tech parks being established in this area.
Residential real estate in West Chennai including apartments, flats, houses and land are primarily driven by working professionals with healthy income due to the close proximity to several industries and IT parks. With properties being affordable in this region, there are many investors who have found properties in west Chennai to have a lot of potential. Residential and commercial properties in west Chennai offer smart investment options where one can reap rich appreciation in the future.